Accounts (Principles of Accounts)Incomplete recordsJAMB
A mark-up of 50% on cost is equal to a margin on selling price of
Show answer
Answer: B. 33⅓%
Cost 100, profit 50, selling price 150; 50/150 = 33⅓%.
An AdmitMe practice question, written for the JAMB syllabus. Not an official past question.